I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

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I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

No. That is a taxable distribution and a 10% early withdrawal penalty if he was under 59 1/2. You should have a 1099R for it.

I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

No, the money you took out is a distribution, and subject to income tax. If your husband is younger than 59 1/2 it may also be subject to a 10% early withdrawal fee. You should receive a 1099-R documenting this.

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I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

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I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

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I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

I TOOK MONEY OUT OF HUSBANDS 401K AND USED IT TO PAY OFF A 401K LOAN I HAD. DOES THAT COUNT AS ROLLOVER OR CONVERSION?

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